Across the Northwest MLS, the May 2026 housing market showed rising inventory and steady buyer demand, alongside a slower pace of closed sales and slightly declining prices. These trends highlight a continued transition toward more balanced market conditions across the region.
Key Highlights
- Inventory increased 17.6% year over year
- Pending sales rose 11.0%, signaling sustained buyer interest
- Closed sales declined 5.5%
- Median home price edged down to $675,000 (-0.7%)
- Days on market increased to 32 days (+14.3%)
Regionally, the market is continuing to move toward greater equilibrium, with increased inventory easing competition and stabilizing pricing. Buyers are benefiting from more options, while sellers are experiencing a more measured pace of transactions.
